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A Growth Dilemma

Larry transcript

Larry Fink’s recent comments on the economic outlook and public-private partnerships (PPPs) are him broadcasting his intentions and strategy to consolidate corporate control under the guise of fostering development.

Centralization of Financial Power

Fink states that capital markets have overtaken traditional banks as the primary source of financing. This shift implies a greater concentration of financial power in the hands of a few large entities like BlackRock, reducing democratic oversight and increasing economic inequality. He’s saying the quiet part out loud.

New Approaches to Unlock Capital

Fink advocates for innovative methods to unlock capital, suggesting a move towards deregulation and fewer restrictions for big financial players. Hello regulatory moat. This will prioritize corporate profits.

Reforms and Infrastructure Investments

While Fink highlights reforms leading to billions in new infrastructure investments for developing countries, these investments will absolutely exploit these regions. BlackRock doesn’t invest in order to make life better, BlackRock invests in order to make money.

Investor Coalition

The formation of an investor coalition, including major firms like BlackRock and KKR, to invest $25 billion in Asia’s emerging economies can be seen as an attempt to dominate these markets. This might lead to foreign control over local economies, undermining sovereignty and prioritizing corporate interests. Have you read Confessions of an Economic Hitman?

Geopolitical Strategy

Fink’s comparison of the Indo-Pacific investment to Italy’s Matei Plan in Africa indicates a strategic maneuver to counter China’s influence. This geopolitical play might prioritize the interests of multinational corporations over the developmental needs of these regions. This is an East v West fight and BlackRock is firmly in control of The West.

Growth Dilemma in Developed Economies

Fink points out that even major economies need growth strategies, highlighting an unsustainable system burdened by debt. As buyers for US Debt continue to lag, they need to identify new buyers for this debt. They need to grow. New markets must be created.

Privatization of Public Resources

By advocating for PPPs, Fink supports the privatization of public infrastructure. This is code language for very grim outcomes. The state acting through private actors means they can do things that the state cannot do alone (legally). It’s like playing monopoly, but you control the bank and the jail and who gets to roll.

It’s like playing monopoly, but you control the bank and the jail and who gets to roll.

Economic Growth Through Infrastructure

Fink emphasizes the importance of infrastructure investments to counter high debt and low growth. However, these investments, driven by public-private partnerships, may prioritize short-term gains for private investors over long-term public benefits. His long play is tokenization of it all… 1Fink emphasizes the importance of infrastructure investments to counter high debt and low growth. However, these investments, driven by public-private partnerships, may prioritize short-term gains for private investors over long-term public benefits. His long play is tokenization of it all…

Enhanced Surveillance and Control

Fink promotes tokenization for its potential to improve efficiency and transparency in asset management. This will lead to enhanced surveillance and control over financial transactions, benefiting large financial entities like BlackRock. Tokenization will unite the state and BlackRock in a new more powerful way. Think worst case.

Exploiting New Markets

Tokenization2 will open up new avenues for financial speculation, particularly in developing countries. This will lead to economic instability and exploitation of local resources and labor. This is happening in real time, just look at what is happening in Argentina, ctrl+f Millei and all the tech bros visiting.

“[tokens in finance are] a much bigger story than cryptocurrencies…”

Fink in Forbes by David Birch

Integration with PPPs

The push for tokenization aligns with Fink’s advocacy for PPPs. By combining tokenized assets with public-private partnerships, large financial entities can further entrench their control over global infrastructure and resources. This is where he wants to bring the tokens to market.

Long-term Impact on Sovereignty and Economy

Tokenization and PPPs together will lead to a significant influence over national economies, reducing local control and prioritizing the interests of multinational corporations over the public good. Local governments and economies will soon bend the knee to BlackRock under the guide of development and prosperity3. There will be local winners, whoever is close to the printing press, but tokenization will siphon trillions of value out of local economies.

Larry Fink’s advocacy for public-private partnerships and tokenization is a strategic move to consolidate corporate power and control under the semblance of economic development and innovation. BlackRocks strategy raises concerns about centralization, reduced public oversight, and the potential exploitation of developing markets, ultimately prioritizing corporate profits over sustainable growth all on the backs of tokenization and stablecoins.


FOOTNOTES
  1. This is not new rhetoric from Fink as he has been signaling tokens for well over a year now. LINK ↩︎
  2. Tokenized INC. is the first in an incredible series by Mark Goodwin and Whitney Webb on the topic of BlackRock and Tokenization. Must read. ↩︎
  3. Debt From Above incredible part two in the series from Goodwin and Webb. You will need a full pot of coffee to read all this. ↩︎